{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-084836","form_type":"8-K","ticker":"HGTXU","cik":"0000862022","company_name":"HUGOTON ROYALTY TRUST","filed_at":"2024-07-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:16.067048+00:00","generated_at":"2026-05-31T19:25:08.250310+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Hugoton Royalty Trust skips July 2024 distribution, settles arbitration with XTO","bullets":["No July 2024 cash distribution to unitholders due to excess cost positions on all three conveyances; cash reserve reduced by $34K.","Underlying sales volumes: 747,000 Mcf gas at $2.00/Mcf, 17,000 Bbls oil at $77.16/Bbl (May production).","Cumulative excess costs: Kansas $1.393M, Oklahoma $3.074M, Wyoming $5.058M (incl. interest).","Arbitration settlement: Chieftain claim ($18.1M) offset by overhead claims ($17.275M); net $830K charged as production cost; XTO provides $500K advance.","Development costs for four non-operated wells in Major County, OK total $10.0M underlying ($8.0M net to Trust)."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-084836","json":"https://secwatch.observer/filing/0000950170-24-084836.json","markdown":"https://secwatch.observer/filing/0000950170-24-084836.md","text":"https://secwatch.observer/filing/0000950170-24-084836.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/862022/000095017024084836/0000950170-24-084836-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/862022/000095017024084836/hgt_8-k_2407_distributio.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T19:25:08.250310+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}